Consumer Price Perceptions and Expectations
Peter Simmons and
Daniel Weiserbs ()
Oxford Economic Papers, 1992, vol. 44, issue 1, 35-50
Abstract:
This paper examines qualitative quarterly survey data on U.K. consumers price anticipations in the context of a framework designed to allow the authors to test the predictive ability of consumers and the information content of this survey data. The results indicate that the survey data contains useful information but that it is biased in particular ways. Consumers appear to have short memories of past inflation but given this, they appear to use additional information to that contained in recent past price changes in order to forecast future inflation. In particular they may take current short term interest rates into account. Only those households expecting high inflation rates are important in predicting inflation. Copyright 1992 by Royal Economic Society.
Date: 1992
References: Add references at CitEc
Citations: View citations in EconPapers (9)
Downloads: (external link)
http://links.jstor.org/sici?sici=0030-7653%2819920 ... 0.CO%3B2-1&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
Related works:
Working Paper: Consumer Price Perceptions and Expectations (1990)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:oup:oxecpp:v:44:y:1992:i:1:p:35-50
Ordering information: This journal article can be ordered from
https://academic.oup.com/journals
Access Statistics for this article
Oxford Economic Papers is currently edited by James Forder and Francis J. Teal
More articles in Oxford Economic Papers from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().